Buyer Not Making Payments on a Seller Financed House

[Account Closed]

I bought a property in IL few months ago which I sold it to another buyer on seller financing (AKA Contract for Deed).

The seller is going through some sort of financial issues and is not able to make this months mortgage payment.
On further looking into the details, I found out that he has also not paid any association fees since last few months and now this months water bill is due as well.

What should I do at this time to take control this situation to get worse and reduce my loss ?

[Scott Rogers]

No compassion, this is a business not a charity.   Start the forecloser process.

If they wanted/needed help there are charities that would help them especially with the water bill.  Some people just dont want to even attempt to salvage their situation.   Protect your asset. start the forecloser process.

Maybe this will be the kick in the pants they need to get their life in order.